Esports Betting – Tips on how to Bet

Esports Betting – Tips on how to Bet

Esports betting is a pivotal component of the booming esports industry, with a reach of over 250 million people and poised to double in the next five years. As millions of online viewers flock to witness thrilling competitions and stadiums overflow with spectators, the stakes are high, with prize money ranging from hundreds of thousands to millions of dollars. If you’re an esports enthusiast looking to enhance your betting prowess, we’re here to guide you on your journey to the next level.

The Rise of Esports – An Incredible Journey

The gaming industry has flourished for many years, paving the way for a subsequent surge in the world of esports. However, this remarkable phenomenon didn’t take flight until around a decade ago, capturing the imagination of enthusiasts worldwide.

 While the early 2000s saw the emergence of the first esports games and tournaments, it was the late 2000s that witnessed an unprecedented growth in this field. The catalyst behind this surge was the advent of extraordinary games like StarCraft 2 and League of Legends, captivating players not only with their enjoyable gameplay but also with their enthralling narratives.

 Over the past decade, visionary companies such as Blizzard Entertainment, Valve Corporation, and Riot Games have spearheaded the development of diverse esports genres. The likes of Dota 2, League of Legends, Counter-Strike: Global Offensive, StarCraft 2, Hearthstone, and Heroes of the Storm have emerged as prominent titles within the realm of esports. These games have successfully carved their niche, boasting dedicated communities, professional teams, astute analysts, skilled coaches, talented players, supportive sponsors, and gripping tournaments.

 The prize pools in esports vary significantly from game to game and tournament to tournament, often reaching astonishing figures for an industry still in its relative infancy. As an illustration, The International 2017, a Dota 2 tournament, boasted a jaw-dropping prize pool of approximately $25 million. Meanwhile, League of Legends claims the crown for the largest player base, with a recent update revealing over 100 million active players in the previous month.

 The evolution of esports has been nothing short of remarkable. Its ascent to prominence has captivated the hearts and minds of countless individuals, transforming video games into a thriving realm of competition, community, and limitless possibilities.

Mastering Esports Betting: Insider Tips and Strategies

The realm of esports boasts a myriad of captivating games, each requiring time and dedication to comprehend fully. To maximize your potential, it’s crucial to choose one game and delve deep into its intricacies, including its elements, strategies, and professional scene.

 By attaining profound knowledge of a particular game, you gain a significant advantage when following specific matches or tournaments where you’ve placed bets. Understanding key events provides valuable insights into identifying games with favorable odds.

 Here are some invaluable esports betting tips to gain an edge when wagering on esports events:

  • Analyze the participants and their recent performances in the tournament. Understanding the history and dynamics between two competing teams, including their strengths and weaknesses, gives you a strategic advantage.

  • Monitor the matches and tournaments you plan to bet on. The dynamic betting system allows multiple bets on the same match, enabling you to employ diverse strategies. For instance, you can cancel a bet by placing a new one if the odds favor such a decision. This flexibility proves valuable in unforeseen circumstances.

  • Gather as much information as possible about the specific match before placing your bet. In MOBA games, for instance, study the lineups of both teams. Even if you lack complete game understanding, expert analysis provides guidance on where to invest your money. Ideally, the best team should also possess the strongest lineup.

  • Stay vigilant for any changes that may impact the match. Updates within the esports realm can alter the balance of power between teams. Additionally, if a team has to substitute key players due to illness or other factors, it significantly affects the upcoming match or tournament.

When betting on matches with a clear favorite, consider wagering on the match result rather than the straightforward victory of the favored team. This strategy often yields better odds. If you are confident that Team A will emerge victorious, explore alternative betting options that offer slightly improved odds.

Types of Esports Betting

Esports betting commonly encompasses the following types of odds bets:

  • Tournament Winner: This entails betting on the team that will triumph in a tournament before it commences. You must wait until the tournament concludes to determine the outcome.

  • Standard Odds: These bets focus on predicting the match winner or the possibility of a draw.

  • Live Betting: This exciting option allows you to place bets in real-time as the match unfolds. The odds fluctuate based on team performance and specific events.

 Esports betting offers a platform to leverage your knowledge and add excitement to matches and tournaments. While some engage sporadically, others invest substantial time analyzing and strategizing to profit from calculated risks. Regardless of your level of interest, we hope these tips and tricks provide valuable insights for making informed investments in the world of esports.

At Coolbet we believe in responsible betting. We encourage our players to set limits before they start playing, and we have a strong focus on responsible gambling. We have a license from the EU country Estonia, and our platform is safe and secure.

Sign up to our newsletter for more tips and interesting news!